SINGAPORE FACT FILE

Singapore’s aim is to become a major financial hub in the Asia-Pacific region, and judging by its recent performance in the wake of the global recession it appears to be achieving this goal. The city state is striving to encourage international finance and other businesses to locate there, and offers generous tax incentives to companies that locate their global or Asia-Pacific regional headquarters there. Indeed, while many countries are struggling out of recession, Singapore is predicted to achieve growth of between 7% and 9% for 2010.

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- Singapore Executive Summary
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- Singapore Double Tax Treaties
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- Singapore Low-Tax Business Sectors
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SINGAPORE IN THE NEWS

Singapore's GST 'Not To Be Raised For At Least Five Years'
Singapore’s Minister for Finance, Tharman Shanmugaratnam, has confirmed that goods and services tax (GST) will not be increased for at least five years. Read full story

Singapore Ups E-Filing
The Inland Revenue Authority of Singapore has disclosed that more than 870,000 taxpayers e-filed their tax returns by the due date of April 18 this year, setting a new e-filing rate high of 96%. Read full story

Singapore, Spain Sign DTA
It has been announced that a double taxation agreement (DTA) was signed between Singapore and Spain on April 13. Read full story

Singapore Provides Tax Incentives For Green Shipping
Emphasizing Singapore's commitment to address greenhouse gas emissions, the Maritime and Port Authority of Singapore (MPA) has launched a comprehensive package to promote environmentally-friendly shipping. Read full story